NUGO vs. GRW

Last updated Jun 5, 2026

NUGO (Nuveen Growth Opportunities ETF) and GRW (TCW Durable Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. A 0.50 correlation means they provide meaningful diversification when combined. NUGO charges 0.56%/yr vs 0.75%/yr for GRW.

Performance

NUGO vs. GRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Growth Opportunities ETF (NUGO) and TCW Durable Growth ETF (GRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NUGO

• 1D: -0.25%
• 1M: 4.72%
• YTD: 9.96%
• 6M: 8.88%
• 1Y: 26.78%
• 3Y*: 25.80%
• 5Y*: —
• 10Y*: —

GRW

• 1D: 0.18%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NUGO vs. GRW - Yearly Performance Comparison

	2026 (YTD)
NUGO Nuveen Growth Opportunities ETF	-0.19%
GRW TCW Durable Growth ETF	1.46%

Correlation

The correlation between NUGO and GRW is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.50

NUGO vs. GRW - Sectors Allocation Comparison

Sectors	NUGO	GRW
Technology	54.6%	26.6%
Communication Services	13.2%	9.1%
Consumer Cyclical	12.3%	8.3%
Industrials	9.0%	38.1%
Healthcare	6.5%	4.1%
Financial Services	3.3%	9.8%
Basic Materials	1.6%	4.0%
Consumer Defensive	0.9%	-
Utilities	0.2%	-
Energy	-	-
Real Estate	-	-

Return for Risk

NUGO vs. GRW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NUGO

NUGO Risk / Return Rank: 38
NUGO Sharpe Ratio Rank: 44
NUGO Sortino Ratio Rank: 42
NUGO Omega Ratio Rank: 41
NUGO Calmar Ratio Rank: 32
NUGO Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NUGO vs. GRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Growth Opportunities ETF (NUGO) and TCW Durable Growth ETF (GRW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NUGO	GRW	Difference
Sharpe ratio: Return per unit of total volatility	1.52	—	—
Sortino ratio: Return per unit of downside risk	2.11	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.53	—	—
Martin ratio: Return relative to average drawdown	4.99	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NUGO	GRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	13.58	-12.99

Drawdowns

NUGO vs. GRW - Drawdown Comparison

The maximum NUGO drawdown since its inception was -38.01%, which is greater than GRW's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for NUGO and GRW.

Drawdown Indicators

	NUGO	GRW	Difference
Max Drawdown Largest peak-to-trough decline	-38.01%	-0.45%	-37.56%
Max Drawdown (1Y) Largest decline over 1 year	-17.54%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.12%	—	—
Current Drawdown Current decline from peak	-1.64%	-0.27%	-1.37%
Average Drawdown Average peak-to-trough decline	-12.05%	-0.17%	-11.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.38%	—	—

Volatility

Volatility by Period

	NUGO	GRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.70%	8.89%	+8.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.11%	8.89%	+14.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.11%	8.89%	+14.22%

NUGO vs. GRW - Expense Ratio Comparison

NUGO has a 0.56% expense ratio, which is lower than GRW's 0.75% expense ratio.

Dividends

NUGO vs. GRW - Dividend Comparison

Neither NUGO nor GRW has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
GRW TCW Durable Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NUGO Nuveen Growth Opportunities ETF	0.00%	0.00%	0.00%	0.19%	0.26%	0.00%

Frequently Asked Questions

Can I hold both NUGO and GRW in my portfolio?

NUGO and GRW have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUGO or GRW?

On fees, NUGO is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUGO or GRW?

NUGO is cheaper with a 0.56% expense ratio, compared with 0.75% for GRW.

Which ETF pays a higher dividend yield, NUGO or GRW?

NUGO and GRW have nearly identical dividend yields, around 0.00%.

What is the main difference between NUGO and GRW?

They also come from different issuers: Nuveen and TCW. Their fees differ too: 0.56% for NUGO and 0.75% for GRW.